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Answered

Imagine that the unemployment rate increases to record levels. The economy is in

Arecession.
Bexpansion.
Ca peak.
Da summit.

Verified Answer :

The best and most correct answer among the choices provided by your question is the first choice or letter A.

The economy is in a recession when unemployment rate increases to record levels.

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AwesomeHelloKitty

If your tests lists an answer as contraction then that is the correct answer too because a recession is also known as a prolonged economic contraction. A contraction is period of economic decline with falling real GDP.

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